Risk free virtual trading contest to win real cash prizes, runs every month.
Contest Overview
Click here to join the Contest.
| Contest Sponsor |  (OctaFX) |
|---|---|
| Prizes | 1,000 USD |
| Interval | Every month |
How to participate
Register and open MT4 demo trading contest account.
Requirements for Participants
Anyone above the right legal age can register for the contest.
- OctaFX Monthly MT4 Demo Contest
- How to participate in OctaFX’s Champion MT4 Demo Contest?
- Monthly Cash Prizes
- Trading Conditions of the Contest account
- Cash Prize is available for withdrawal
OctaFX runs demo trading contest for MT4 (MetaTrader4) accounts.
The contest runs every month and OctaFX rewards real cash prizes to the top 5 traders.
Participation in the contest is free and involves no risks to your own funds as it uses only virtual funds.
OctaFX Monthly MT4 Demo Contest
All traders of OctaFX can participate in this MT4 trading contest with virtual money.
Here are the main rules and conditions of the contest.
| Contest Type | MT4 Demo accounts |
|---|---|
| Contest Period | 1 month |
| Available for | All traders of OctaFX |
| Required Minimum Deposit | None |
| Cash Prize Amount | $1,000 |
| Number of Winners | 5 |
| Withdrawal of Cash Prize | Not available |
The contest runs every month, and you have an opportunity to win a cash prize without risking your own funds.
How to participate in OctaFX’s Champion MT4 Demo Contest?
To participate in the contest, you must open the specific contest account.
Follow the steps below to join the contest.
- Signup for OctaFX for free
You only need to register your client profile with OctaFX. - Champion Demo Contest account
Login to OctaFX’s client portal from the Official Website and open the contest account.
- Download MT4 trading platform of OctaFX and wait until the contest starts
You can download OctaFX MT4 from the Official Website. You cannot start trading until the contest round starts. The start date of each contest round can be found in the official website.
- Start trading to win the cash prize
The participants with the highest account balance win the contest and get the cash prizes.
Note that you cannot participate in the contest with any MT4 demo account but it must be the specific contest account opened for each round.
Monthly Cash Prizes
On the last day of the contest round, all open positions in all MT4 demo contest accounts will be closed automatically.
Then, the accounts with the highest balances win the main cash prizes as follows:
| Ranking | Real Cash Prizes |
|---|---|
| 1st | $500 |
| 2nd | $300 |
| 3rd | $100 |
| 4th | $60 |
| 5th | $40 |
The cash prizes are available for both trading and withdrawal with no limit.
Trading Conditions of the Contest account
The trading conditions of the MT4 demo contest account is similar to OctaFX’s Micro account type.
Please refer to the table for the full specifications.
| Initial Deposit Amount | 1,000 USD |
|---|---|
| Leverage | 1:500 |
| Minimum Trading Volume | 0.01 lots |
| Maximum Trading Volume | Unlimited |
| Trading Strategies | All trading techniques or EAs are allowed |
| Available Financial Instruments | 28 currency pairs, Gold and Silver |
You can find out more about the contest and the account type in the official website.
Cash Prize is available for withdrawal
OctaFX’s MT4 demo trading contest gives away real cash prizes for the top 5 performing traders.
The prizes credited into winners’ trading accounts are available for withdrawal with no limit.
The prize funds can also be used for trading.
Please check OctaFX official website or contact the customer support with regard to the latest information and more accurate details.
OctaFX official website is here.
Please click "Introduction of OctaFX", if you want to know the details and the company information of OctaFX.
IronFX
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!